Portfolio

Men and women alike underestimate how much money they will need in retirement. Here are some of the findings from an annual survey from the Employee Benefits Research Institute and Mathew Greenwald Associates.

The Internal Revenue Service’s Return Preparer Office said it is sending letters to 3,000 tax preparers who failed to use a valid Preparer Tax Identification Number.

Most advisors continue to check in with phone and email messages and continue to do some work even while on vacation. Dave Grant shares the steps he took to completely cut himself off from work for a family vacation.

Conventional wisdom has it that today’s low investment yields tend to harm low-income retirees, who receive little or nothing from the bank accounts and bonds they had counted on for spending money. That’s certainly the case, but a recent study from the Employee Benefit Research Institute (EBRI) found that low yields have even more impact on younger workers as well as on people with high incomes. Agreeing with those conclusions, Barton Close, vice president of investments, in the Chattanooga office of Raymond James & Associates, told On Wall Street, “Those low yields have turned around my strategies 180 degrees. Now I put more focus on current cash flow.”

One of the leading contenders to be the next chairman of the Federal Reserve, Lawrence Summers, has been a paid consultant to Citigroup and other financial institutions, which opponents of his nomination are likely to focus on.

A replacement for Federal Reserve Chairman Ben Bernanke will not be named by President Obama until this fall according to a senior White House official.

Bank of America Merrill Lynch launched Monday an analytics dashboard aimed at helping treasurers handle their cash.

What do you think? Is the younger generation breaking down the barriers and being more honest about their thoughts and feelings about money?

Here’s how one advisor encourages philanthropic efforts of his clients by being a philanthropist himself.

Sheryl Garrett says privately held firm or group, such as Vanguard or NAPFA, or a major benefactor, would be ideal match for her low-fee firm.